The doom and gloom surrounding the property market has been impossible to miss but property investment experts are unconvinced things are as critical as they are portrayed. Many believe property investment is still a shrew move.
In terms of property investment, many utilise this field to make buy-to-let investments and it was this sector that property market doom mongers believed would be amongst the hardest hit. However, according to a report in the Telegraph, those looking to get into property investment realise that the housing market represents a long-term investment and the current slowdown of the property market is not something that is likely to continue indefinitely which means that property investment still remains a viable means of providing an economic pay-off.
Property Investment - No Crash Landing
Many shrewd property investors realised early on that talks of a property crash were not only misleading but also premature. Whilst it's impossible to get away from the fact that house prices are falling across the UK, property investment is rarely a short-term circumstance and this is why investors are still making purchases to boost their portfolios. According to the report in the Telegraph, there may even be a rise in property prices before the year is out if the findings of CB Richard Ellis are to believed, whose head of Residential Research, Jennet Siebrits, states, "This is not a repeat of the 1990s crash, as housing equity and employment rates are at an all-time high and interest rates remain low. With the benign economic backdrop and unique nature of the property market, we do not envisage forced sales and repossessions spiralling. Instead, we expect a think market in 2008 with lower levels of transactions."
Property Investment - Buy-to-Let Housing
These reports may seem contradictory to some people's stances regarding the property market but property investment portfolios are expected to continue to grow across the UK as people wait for the prices to rise once again. Speaking to the Telegraph, Ms Siebrits believes that the future is bright for buy-to-let property investment due to long term investments and states, "A mass exodus is unlikely as these investors tend to have a longer-term view of the market. Within ten years of the 1990s crash, prices were 30 per cent higher than the peak of boom." So, for those who do their research, property investment still remains a viable means of generating substantial levels of income.
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